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How foreign leads to integration of market ?

Posted by Abc Xyz 5 years, 4 months ago

CBSE > Class 10 > Social Science

2 answers

Ankit Vishwakarma 5 years, 4 months ago

Foreign trade leads to integration of markets across countries by the processes of imports and exports. Producers can make available their goods in markets beyond domestic ones via exports. Likewise, buyers have more choice on account of imports from other countries

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Gaurav Seth 5 years, 4 months ago

Foreign trade provides opportunities for both producers and buyers to reach beyond the markets of their own countries. Goods travel from one country to another. Competition among producers of various countries as well as buyers prevails. Thus foreign trade leads to integration of markets across countries. For example, during Diwali season, buyers in India have the option of choosing between Indian and Chinese decorative lights and bulbs. So this provides an opportunity to expand business.

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